Lets talk about Bitcoin and what I THINK caused the recent jump in price - enjoy! Add me on Instagram: GPStephan
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DISCLAIMER:
The views and opinions expressed in this video are just that…opinions. Not Fact.
This content is for entertainment and informational purposes only, and should not be taken as investment, financial, or other advice.
Instead, consult a professional…do your own research…and invest at your own risk.
So starts start here…what happened, and what caused Bitcoin to more than double prince within 60 days from $3500 to $8000?
I have a few personal THEORIES when it comes to this…
The first theory, a potentially weakened economy:.
This happens anytime investors are nervous about the overall economy or strength of the stock market…and for many people, this can be a nerve-wracking time. When this happens, many investors decide to shift their money around to different asset classes…typically, we’ll see that in bonds, gold, and Bitcoin.
The second theory, is that it’s slowly gaining more mainstream acceptance.
One of the unforeseen benefits of bitcoin DROPPING was that, for the first time in awhile, its price wasn’t fluctuating 10-20% in a day and it could ACTUALLY be used for what it was created for: a currency. You’re noticing many more “mainstream” businesses begin to actually USE bitcoin…this includes Starbucks, Nordstrom, Whole Foods, and Home Depot. While it’s rumored that this is just an experiment for now, it’s evident that more and more people have begun to take it lot seriously.
http://fortune.com/2019/05/13/bitcoin-comes-to-whole-foods-major-retailers-in-coup-for-digital-currency/
The third theory…and perhaps a more controversial one…for entertainment purposes only…is that the price is currently being altered, yet again.
This is too long to type out, refer to 5:55 of the video for an in-depth look into my thoughts.
The fourth theory: FOMO
It’s people recognizing that the price is going up, and they don’t want to miss their chance at getting rich. So they buy in and the price goes up a little more. Then, as the price goes up, MORE people jump in because they don’t want to be left out, too - and then the price goes up even more. And then it happens again, and again, and again…and given the history of Bitcoin, this could - potentially - go up for quite a long time, until it doesn’t. And when it comes to investing, that is NEVER the habit of a profitable, long term investor. EVER.
Do NOT invest in something just because you have the urgency to not want to miss out, or to think “this is your chance to get rich.”
And in terms of where I see this going in the future, I’ll just end it with this…no one knows. If you’re OK putting your money in Bitcoin, and you accept the risk that you could very well lose a significant portion of your money, then by all means, go for it.
Again, that’s not to say that one day Bitcoin won’t be worth a ton of money - or it might be adopted on a large scale - and if you really, truly believe in it, by all means. But don’t jump in because of FOMO, do your research, and don’t EVER invest money you can’t afford to lose.
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

By Stock Chat

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25 thoughts on “Warning: the truth about bitcoin”
  1. Avataaar/Circle Created with python_avatars Christian Peter says:

    IF YOU WANT TO BE SUCCESSFUL HAVE THE MINDSET OF THE RICH, SPEND LESS AND INVEST MORE. DON'T GIVE UP YOUR DREAMS.

  2. Avataaar/Circle Created with python_avatars brerabbit says:

    big in profit. wassup

  3. Avataaar/Circle Created with python_avatars Marvin Jane says:

    Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

  4. Avataaar/Circle Created with python_avatars Robert Jennifer says:

    Hello can someone enlighten me the best way to make money from investing?

  5. Avataaar/Circle Created with python_avatars Teresa Sanchez says:

    I'm currently achieving success investing in bitcoin because I read through a post on bitcoin & how to get started with the help of an expert Evelyn T hills

  6. Avataaar/Circle Created with python_avatars Leslie Jones says:

    Klevhack01 on Instagram just got my Bitcoin recovered

  7. Avataaar/Circle Created with python_avatars Leslie Jones says:

    Klevhack01 on Instagram just got my Bitcoin recovered

  8. Avataaar/Circle Created with python_avatars Leslie Jones says:

    Klevhack01 on Instagram just got my Bitcoin recovered

  9. Avataaar/Circle Created with python_avatars eye fishing gunk channel says:

    when i look at a advert about a company making you money through bying and selling stuff investing well inesting means iff a 100 ppl make money a 100 ppl will lost u can not make every1 money cos well the money is coming from you lot investing..i reckon its a 50 50 chance ..wouldnt dare wouldnt even trust a bank no way

  10. Avataaar/Circle Created with python_avatars DUMALE WIKINA says:

    Nice content but I rather stick with ClarkInvesting platform schemes.

  11. Avataaar/Circle Created with python_avatars Sally Graham says:

    Would love to learn about the "Stable coins" that you mentioned some time ago. Make a video on that if possible.

  12. Avataaar/Circle Created with python_avatars JpAir 205 says:

    You don't understand trading or the market of Bitcoin you made some points but I only agree with 30% out of 100% of the things that you said because you didn't hit certain measures in the matter about decentralized banking governed by the international bankings that's been bombarded and angry at The architects of the infrastructure of cryptocurrency platform exchanges you need to do a little more research with that being said cryptocurrency the Bitcoin community isn't about getting rich it's about creating the passive income that can help you rely on more passive income to make better decisions with your financial funds to double your funds triple or quadruple your funds and what that matters of hours to weeks to a month before a year with no quarter penalties like most Stock exchange infrastructures and other companies that charge way too much a p y and give no APR back and percentage enough for you to make the funds that you need off your investment

  13. Avataaar/Circle Created with python_avatars Aaron E says:

    "There's a sucker born every minute"!

  14. Avataaar/Circle Created with python_avatars Anton Chigurh says:

    This video did not age well now did it…?

  15. Avataaar/Circle Created with python_avatars Mike Johnson says:

    Remember Thanos? They managed to get billions of dollars in investments from people who blindly believed in something that sounded too good to be true…and was.

  16. Avataaar/Circle Created with python_avatars maxwell Cole says:

    The internet has created more impact in our life, financially, socially and otherwise, for the betterment of our lives.

  17. Avataaar/Circle Created with python_avatars Daniel John Kirby says:

    Well this aged poorly.

  18. Avataaar/Circle Created with python_avatars Philip Louis says:

    Hello I'm new to bitcoin trade and i have been making few loses, but recently i see a lot of people earning from it , can someone please give me a new strategy or at least tell me what I'm doing wrong?

  19. Avataaar/Circle Created with python_avatars Uleyra says:

    oof

  20. Avataaar/Circle Created with python_avatars Blackhole says:

    buttcoin

  21. Avataaar/Circle Created with python_avatars BenRoss says:

    One of the best decisions I’ve ever done was buy $100,000 worth of bitcoin when it was 1000 each

  22. Avataaar/Circle Created with python_avatars Henry Sam says:

    A big thanks to hacke_rshawn10 on Instagram I recommend them all the way I even thought it was a joke when I got a recommendation from a friend of mine to hacke_rshawn10 On Instagram but to my greatest surprise they got me 3btc am glad✓✓✓💪💪💪💯 💯💯

  23. Avataaar/Circle Created with python_avatars Henry Sam says:

    A big thanks to hacke_rshawn10 on Instagram I recommend them all the way I even thought it was a joke when I got a recommendation from a friend of mine to hacke_rshawn10 On Instagram but to my greatest surprise they got me 3btc am glad✓✓✓💪💪💪💯 💯💯

  24. Avataaar/Circle Created with python_avatars Henry Sam says:

    A big thanks to hacke_rshawn10 on Instagram I recommend them all the way I even thought it was a joke when I got a recommendation from a friend of mine to hacke_rshawn10 On Instagram but to my greatest surprise they got me 3btc am glad✓✓✓💪💪💪💯 💯💯

  25. Avataaar/Circle Created with python_avatars Da Fif Element says:

    Cryptocurrency is full of it ask yourself this question if the dollar is going extinct in the dollar holds no power…then why should I give you hundreds of thousands even millions of dollars to get some cryptocurrency…

    why would you accept my money when it is going extinct and it have no spending value…why would you want this money it is useless to you…

    in my opinion if the dollar is going to die then people need to be trading Gold Gem's rubies silver diamonds etc for cryptocurrency..something that have value n will not lose its value

    Also our debit cards credit card is a form of cryptocurrency it is all digital anyways…y'all have to remember if the government is pushing for something like this it have a bigger plan that you do not see

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